Lightwave Logic Inc (LWLG)

[tedpeele]

Oh My! Dr Lebby's answer reveals how far off things really are with the foundries at ASM 2023. My take is "much tighter" means "much fewer" - they are down to maybe 2 foundries and they are further along than last year but it's anyone's guess how close "much closer" really is. When someone says "I'll be honest with you" they are often revealing something they would prefer not to.

Unidentified Company Representative

Can you tell us how many foundries you’re currently working with? At the end of last year, you said you were working with five. You had anticipated two more. If you dropped some, why have you dropped some? The scaling issue, can you address scaling, are you satisfied with the current scaling?

Michael Lebby

We haven’t given any guidance, at least right now, on the number of foundries we did last year. We have much tighter relationships. In terms of scaling, we are much more comfortable this year with scaling than we were last year. I'll be honest with you, working with foundries is, yes, they love using the technology, and it's not difficult for them to utilize our designs because we are compatible with silicon processing. But they're doing the fabrication and not us. It takes time to make sure that they're following the recipes correctly. But what I can say is that the chips we're getting back from the foundries are performing really well. We've been very happy with that progress.
I will also say that some foundries are better than others, and you would expect that anyway. Not all foundries are the same. Not all foundries have the same type of teams and take the same approach. There is some variability. But we've had a very successful year working with the foundries. But I'm not going to go into the number of foundries like last year, because I think it's much more important now as we're much closer to commercialization. We have to be a little bit more sensitive there. But if I can, I will give some public guidance when it's appropriate.

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